blockade

Qatar says negotiations between Oman and Iran over the future of shipping through the Strait of Hormuz are making major progress.

Aug. 10 (UPI) — The U.S. military said it blocked an additional 20 ships from reaching or leaving Iran’s ports, as prospects for a resumption of negotiations on ending the war look bleak.

U.S. Central Command announced in a statement Sunday that its blockade has redirected 55 commercial vessels, up from 35 on Aug. 2. It has also disabled two vessels and boarded two others.

The U.S. military resumed its blockade of Iran’s ports on July 14 amid a resumption in fighting between Washington and Tehran over control of the Strait of Hormuz.

The United States is seeking to regain freedom of navigation of the vital energy trade route that Iran has claimed control of since the war between the two erupted in late February.

The Trump administration has said a restoration in a freedom of navigation is necessary for negotiations on ending the war to enter the next phase focused on Iran’s nuclear program. However, Iran is fighting to maintain control of the strait that it seized.

Iranian Foreign Minister Abbas Aragchi told reporters Sunday that while intermediaries were in contact concerning negotiations, no talks would be resumed until the United States ended what he called violations of a June memorandum, the semi-official Tasnim News Agency reported.

The June memorandum of understanding sought to lay the foundation toward end-of-war talks but differences over control of the Strait of Hormuz opened a new chapter in the war. The United States has been enforcing its blockade of Iran’s ports to coerce it to open the strait.

Aragchi said that while Iran was not in negotiations with the United States, talks were underway with Oman on establishing new maritime routes through the Strait of Hormuz.

The foreign minister’s remarks came as U.S. President Donald Trump told Axios that the United States was willing to allow the economic pressure of its blockade to further weigh on Iran’s economy rather than ordering new attacks.

“We are low-keying it,” he said, while stating, “We are only semi-negotiating with them. We are just watching Iran with its huge inflation and the they fact that have no money.”

IRGC sets terms to reopen Hormuz as US seeks commitments to end attacks on ships in the waterway.

The Trump administration just escalated restrictions on Havana warning that Cuba remains a ‘threat to national security’. A former US policy advisor told Al Jazeera’s ‘This is America’ that he agrees, with Cuban intelligence being among ‘the best’, there is reason for concern.

The US military has released footage it says shows forces boarding one tanker and disabling another accused of attempting to breach its naval blockade of Iran. CENTCOM says 12 commercial vessels have been redirected and two disabled for failing to comply.

EDITOR’S ANALYSIS

Houthi blockade for now is shaping who moves Saudi crude, not whether it moves, analysts say, even as oil prices soar.

As oil prices hit $100 a barrel on Thursday, experts say they are watching to see which vessels Yemen’s Houthis allow to pass through in the Red Sea as that will indicate how the crude market trends.

Brent futures rose $6.58 or 6.96 percent, to $100.65 a barrel, exceeding $100 for the first time since late May.

That was on the back of the Iran-aligned Houthis saying they were cutting off the passage Riyadh had been using to ship parts of its crude oil once Iran closed the Strait of Hormuz to retaliate against United States and Israel attacks.

On Monday, the Yemeni group declared a naval blockade on shipments from Saudi Arabia and said they would target Saudi, Israeli, and United States-linked tankers in the Bab el-Mandeb, which links the Red sea to the Indian Ocean.

On Thursday, the Houthis attacked two Saudi Arabian oil tankers, the group said, with a Saudi news agency later confirming that one of the two vessels was set ablaze.

It is not clear if the second one was also hit, according to marine analysis firm, Windward.

“The Houthis are quite mercurial and there is no complete clarity on what the blockade means,” said Michelle Bockmann, a senior maritime intelligence analyst at Windward.

“We’re watching now the ability of Chinese-owned tankers at [Saudi port] Yanbu if they are allowed to go through Bab el-Mandeb. Two have gone through but those had been loaded before the blockade was announced.”

The Houthis have previously relied on China for help, including for drone components, and “the Chinese have previously had a free pass”, said Bockmann, including between 2023 and 2025 when the Houthis attacked cargo ships aligned with Israel and the US in the Red Sea in the wake of the war on Gaza.

Windward tracking shows the cargo that moved through the Bab el-Mandeb chokepoint on July 20 was Saudi in origin but Chinese in crew and destination, and it drew no interdiction. The two vessels passed through the same corridor that Western- and Saudi-linked operators were being warned to avoid.

The enforcement is calibrated to affiliation rather than cargo and the blockade is shaping who moves Saudi crude, not whether it moves, Windward said.

“No one has ever been able to predict their actions… but they know you don’t have to do a lot to get the oil markets to react,” said Bockmann referring to the rise in benchmark oil prices on Thursday.

Rachel Ziemba, adjunct senior fellow at the Center for a New American Security, underscored that the standoff in Bab el-Mandeb is happening while crude buffers have nor been replenished after the peak of the Hormuz crisis earlier this year.

“The multiple chokepoints are new and an example of littoral states looking to use their leverage,” Ziemba said.

Diesel also impacted

For now, both the Houthi threats and the continued closure of the Strait of Hormuz through which nearly one-fifth of the world’s oil transited before the US-Israel war on Iran, has sent prices soaring, including at the pump in the US reaching the national average of $4.09 per gallon (3.4 liter).

“Today’s rise in oil prices could cause $0.10 to $0.20 rise over the next week or two per gallon average price in US,” said Patrick De Haan, head of petroleum analysis at GasBuddy.

But De Haan is looking beyond the two straits and says he’s watching the availability of diesel as price per gallon averages $5.34.

“Diesel prices are being impacted more significantly,” he told Al Jazeera.

One reason behind that is that Ukrainian drone attacks have taken offline some of Russia’s oil refineries. The shortages are being felt domestically leading to Russia banning diesel exports, De Haan said.

“Oil exports are one story, but supplies of diesel gasoline, jet fuel is another story,” he said.

Another unknown in the mix is the role of China which, historically has been a major importer but slashed those imports in the past few months, helping stabilise global prices as some pressure on demand eased.

“It’s been one of the reasons that oil prices haven’t gone up dramatically – that china slashed its imports, and no one predicted that,” De Haan said. “For now, we don’t know if china is using its own strategic reserves or if it will start import again.”

Between those geopolitical plays and the upcoming hurricane season in the US, there is “another wildcard ahead for global refining capacity” and prices, De Haan said.

As renewed hostilities between Iran and the U.S. and its allies enter a 10th day, the Houthi rebels of Yemen say they are imposing an embargo on Saudi oil shipments passing through the Bab el-Mandeb (BAM) Strait. The move threatens to add further pressure on oil exports from the Middle East, already drastically affected by the Iranian closure of the Strait of Hormuz and the resumption of the U.S. blockade on Iranian ports. Saudi Arabia has diverted millions of barrels of oil per day through pipelines to its Yanbu port on the Red Sea in an effort to minimize the energy shortages due to the hostilities in the Persian Gulf. This also raises the specter of the U.S. having to get as involved as it did during the previous Houthi campaign against shipping that ended last September, which could pull resources away from Iranian-focused operations.

Meanwhile, President Donald Trump renewed threats against Iran over the recent deaths of U.S. troops while reports have emerged that he is considering widening the conflict. However, the massive expenditure of air defense munitions that has already taken place is a major consideration. In addition, there are growing concerns about the extent of the damage to U.S. bases in the region and the uptick in casualties.

On Monday, Kuwait said it came under Iranian fire again.

“Kuwaiti air defenses are currently engaging hostile missile and drone attacks following the heinous Iranian aggression,” the Kuwaiti Defense Ministry stated on X. “The General Staff of the Army notes that any sounds of explosions heard are a result of air defense systems intercepting hostile attacks. Everyone is urged to adhere to the security and safety instructions issued by the relevant authorities.”

Hours earlier, Bahrain said it too had come under a new wave of Iranian attacks.

“The General Command of the Bahrain Defense Force (BDF) announces that Iran is continuing its systematic hostility approach through its sinister attacks targeting civilians in the Kingdom of Bahrain,” BDF posted on X. “The General Command clarifies that, with strong will and high combat readiness, the air defense systems attacked, intercepted and destroyed a number of treacherous Iranian air strikes today, Monday, July 20, 2026.”

تعلن القيادة العامة لقوة دفاع البحرين أن إيران تواصل نهجها العدائي الممنهج عبر اعتداءاتها الآثمة التي تستهدف المدنيين في مملكة البحرين.https://t.co/wYqDmaBD3K pic.twitter.com/Hf4o6zLgHn

— قوة دفاع البحرين (@BDF_Bahrain) July 20, 2026

The extent of the damage in either Kuwait or Bahrain is unclear at the moment. These most recent attacks came after U.S. Central Command on Sunday night said it wrapped up a ninth straight day of strikes on Iranian assets, targeting “military command centers, air defense and coastal surveillance sites, maritime capabilities, missile and drone launch sites, and communications networks to further diminish Iran’s ability to attack commercial vessels and civilian mariners transiting the Strait of Hormuz,” the command stated on X.

Amid this kinetic activity, as we noted earlier in this story, the Iranian-backed Houthis say they will no longer permit Saudi Arabian ships passage through from the Red Sea into the Bab el-Mandeb Strait.

“The Yemeni Armed Forces declare a maritime embargo against the criminal Saudi enemy, based on the equation of an ‘eye for an eye,’ effective immediately upon the issuance of this statement,” the Houthis stated on Monday, according to the official Houthi SABA media outlet. The move follows increased tensions between the Houthis and Saudi Arabia as well as a request by Iran “to stand ready to close the Red Sea oil route if the United States strikes Iranian power infrastructure,” Reuters reported last week. “The idea has been discussed within the Islamic Republic’s leadership, and the message has been conveyed to Iran’s Houthi allies.”

⚡️BREAKING: Yemen’s Houthis have announced a Naval Blockade on Saudi Arabia from the Red Sea

This move essentially Cuts OFF Saudi oil exports through the Bab al-Mandeb Strait pic.twitter.com/gqV8E5hfq1

— Iran Observer (@IranObserver0) July 20, 2026

Houthi forces on Monday reportedly began issuing warnings on open maritime frequencies near Yemen that the BAM is closed to Saudi shipping and its vessels are subject to attack.

Houthi forces are reportedly issuing warnings on open maritime frequencies near Yemen that the Bab al-Mandab Strait is closed to Saudi shipping. pic.twitter.com/MD0KhmTmJ5

— OSINTtechnical (@Osinttechnical) July 20, 2026

A Houthi shut down of the Bab el-Mandeb (BAM) Strait, a narrow stretch of water between Yemen and Djibouti, would choke off the flow of oil exports from Saudi Arabia, exacerbating the above-mentioned impingement on the flow of oil from the closed Strait of Hormuz. 

Having both straits closed at once is something of a ‘sum of all fears’ scenario for the global energy marketplace.

“The full closure of the BAM would cut global oil supply by 7% as it would leave most Saudi oil exports unable to leave the region,” Reuters noted on Monday. “The disruption would ​add to the massive cut to global oil flows from the war in the Gulf, which has already reduced shipments by 10% of global supply.”

You can read more about the effects of both straits being closed at once in our story about that here.

Beyond affecting the flow of oil, a Houthi blockade on the BAM threatens to open a new front in this conflict.

The Houthis carried out a campaign against shipping in November 2023 in solidarity with Palestinians over the latest war between Israel and Gaza. However, while it was ostensibly aimed at only Israeli connected ships, numerous commercial vessels with no clear Israeli ties were attacked as were several U.S. and allied warships. The campaign stretched into the summer of 2025, forcing some vessels to avoid the Suez Canal for a far longer route around Africa, boosting shipping costs by nearly $200 billion at the time.

The Houthi attacks also forced the U.S. and allies to deploy many warships, including the Eisenhower and Truman Carrier Strike Groups (CSG) to both defend against Houthi attacks and strike targets in Yemen. These operations resulted in a large expenditure of air defense and strike munitions.

You can see video of some of those encounters below.

WATCH: CENTCOM releases footage as US HAMMERS Iran

The possibility exists that a new wave of Houthi attacks — especially if non-Saudi ships are targeted — could drag in U.S. forces already in heavy use in the Persian Gulf region battling the Iranians. This sets up a major showdown as Saudi oil is a lifeline to Asian supplies hobbled by conflict in the Persian Gulf. We reached out to CENTCOM for comment and will update this story with any pertinent details shared.

Earlier on Monday, the head of the European-led task force providing maritime security in the Red Sea region told us the Houthis remain a threat to navigation despite not having attacked any merchant vessels since September 2025.

“The security situation in the Bab el-Mandeb remains fragile and is highly sensitive to regional escalation,” Rear Admiral Vasileios Gryparis, Commander of EUNAVFOR ASPIDES, told TWZ. “On the rhetorical level, the Houthis’ leadership reiterated several times their alignment with the broader Axis of Resistance.”

Gryparis’s comments, in response to a query from last week about Iran’s outreach to the Houthis, came before the Yemeni group’s embargo declaration. 

“From an operational standpoint, we assess that the Houthis pose a threat and are capable of rapidly escalating,” the ASPIDES commander told us. “We maintain a frequent presence at sea, monitor the situation, and adjust our actions when needed. In the event of a resumption of Houthi attacks on merchant vessels, which remains a possibility, we are present and ready to implement our mandate, within our means and capabilities. ASPIDES remains ready, within its defensive mandate, to adapt to evolving operational requirements.”

Being drawn into defending against a new Houthi campaign on shipping in the Red Sea region would exacerbate the strain on U.S. forces already under tremendous pressure from Iran. In addition to defending against ongoing barrages, the U.S. has committed about 20 U.S. warships, along with hundreds of aircraft dispersed across various bases, vessels, and forward arming and refueling points in the Middle East, to maintaining the newly reimposed blockade on Iranian ports. Moving these assets to another prologned shooting match in the Red Sea would degrade those capabilities and the ability to support a war effort should it fully erupt. It’s a capacity issue.

Expanding the fight against Iran is already in discussion by the Trump administration.

“The U.S. is planning for a wider war,” a U.S. official familiar with internal administration discussions told The Washington Post.

But the official cautioned that “the expansion of U.S. operations will be limited by dwindling stockpiles of air defense and long-range munitions and constraints on the ability to surge more troops and aircraft into the area because of battle damage,” the newspaper continued.

“We do not have enough to safely sustain operations, and I don’t think the White House is aware of that,” the Post said the official added.

One notable detail from The Washington Post’s reporting: even as the Pentagon prepares for the possibility of a broader conflict with Iran, one U.S. official warned that the campaign could be constrained by dwindling stocks of air defense interceptors and long-range munitions,… https://t.co/Xo9A6yNFnp pic.twitter.com/dKEN3IGNUr

— OSINTdefender (@sentdefender) July 20, 2026

While we cannot independently confirm this latest Post report about internal administration debates, we have frequently highlighted concerns over U.S. stocks of these munitions and the difficulty in replacing them.

All this comes as there are increasing signs of damage at U.S. facilities in the Middle East from Iranian barrages. Though largely spared in the initial phases of Epic Fury due to robust air defenses, the airfield at Muwaffaq Salti Air Base in Jordan has taken the brunt of recent attacks, while several other installations have been hit as well.

Muwaffaq Salti, as we have frequently reported, has come under attack numerous times. In March, CNN obtained imagery from Planet Labs showing an AN/TPY-2 radar damaged, or even possibly destroyed, following an Iranian attack there.

The air base has long been a major regional hub for U.S. operations, and is being very actively utilized in the current conflict. It hosts the greatest concentration of U.S. tactical aircraft in the region, and thus is an extremely important target, where, as we pointed out, even one ballistic missile landing on an apron could destroy multiple prized aircraft and take the lives of U.S. service members or cause injuries.

Satellite imagery has emerged on social media purporting to show the extent of the damage at MSAB. The following shows what is claimed to be before and after views of strikes on aircraft hangars and containerized housing units. The imagery is provided by Iran and, because U.S. satellite firms do not collect over American facilities, we cannot independently confirm what is being depicted.

Before-and-after imagery shows at least two dozen containerized living units housing U.S. troops completely destroyed by Iranian strikes at 31°49′57″N, 36°47′47″E.

Two U.S. service members were killed at this site, while a third remains missing. pic.twitter.com/sqPOxhGTLr

— Egypt’s Intel Observer (@EGYOSINT) July 20, 2026

Beyond damage, the number of troops killed and injured in Iranian attacks is rising. On Monday, the Pentagon identified two soldiers killed in action.

“1st Lt. Tyler James Feehan, 25, of Ewa Beach, Hawaii, was killed in action on July 18, 2026, and Pvt. Isabella Gonzales, 19, of Carrollton, Texas, was killed in action on July 17, 2026, during an enemy attack on July 17, 2026, at Muwaffaq Salti Air Base, Jordan,” the Pentagon said in a statement. “The incident is under investigation.”

Both soldiers worked for air defense units. Feehan was assigned to 2nd Battalion, 55th Air Defense Artillery Regiment, 32nd Army Air Missile Defense Command, Fort Bragg, North Carolina. Gonzales was assigned to 1st Battalion, 57th Air Defense Artillery Regiment, 52nd Air Defense Artillery Brigade, 10th Army Air Missile Defense Command, Ansbach, Germany.

BREAKING: The Pentagon has identified the soldiers killed in action from Iranian attacks in Jordan as 19-year-old Pvt. Isabella Gonzales and 25-year-old 1st Lt. Tyler James Feehan.

1st Lt. Feehan was assigned to 2nd Battalion, 55th Air Defense Artillery Regiment, 32nd Army Air… pic.twitter.com/3PFpnMcOVZ

— Fox News (@FoxNews) July 20, 2026

Today’s identifications came after CENTCOM on Saturday reported that two U.S. service members in Jordan were killed in action on July 17. Additionally, the command said one service member was currently missing, but later said unidentified remains were found. 

CENTCOM also reported on Sunday that “a U.S. service member in northern Iraq was killed in action July 18 during a controlled detonation of unexploded ordnance from a downed Iranian one-way attack drone. A second service member was wounded and continues to receive medical treatment for a minor injury.”

We have asked CENTCOM and the Army to confirm that Feehan was the soldier killed in Iraq during the controlled detonation or if he was killed in another incident.

It should be noted that in announcing the identities of Feehan and Gonzales, the Pentagon said they died in support of Operation Inherent Resolve (OIR), which is the fight against ISIS in Iraq and Syria. We asked the Pentagon for clarity and they deferred us to CENTCOM, which has yet to respond.

Meanwhile, The New York Times accused the Pentagon of hiding the number of injured troops.

“In the week leading up to the Iranian attack on Friday that killed two U.S. soldiers and left one service member missing in Jordan, Iran carried out three other strikes against U.S. forces in the country,” the paper explained. “Those attacks injured dozens of U.S. service members and damaged several helicopters, according to several U.S. officials, who spoke on the condition of anonymity to discuss operational matters. But the Pentagon did not disclose the earlier strikes, nor the casualties and damage they inflicted.”

The episode “is the latest example during the Iran conflict of the tension between what the Pentagon says is the need for operational security and the government’s obligation to inform the public about the conduct of the war,” the Times proffered.

The Pentagon pushed back on that claim, rejecting it as “baseless and malicious.”

The Department of War rejects these baseless and malicious accusations of hiding injury numbers as outright lies from partisan hacks at the New York Times who are desperate to smear America’s military and its leadership.

Claims of concealment are fabrications meant to further… pic.twitter.com/ocAJXPVEff

— Sean Parnell (@SeanParnellASW) July 20, 2026

Still, despite the increasing violence, both the U.S. and Iran have suggested that further diplomacy to end the fighting is possible. This is even as both sides declared the ceasefire over and Iranians last week said they would no longer negotiate a Memorandum of Understanding on a possible peace deal.

“You can’t have an MOU that’s alive if they’re violating the terms,” U.S. Secretary of State Marco Rubio told reporters. “The U.S. always remains open to a diplomatic solution. We’ve tried multiple times with Iran and we’ll continue to try… but their behavior is what we’re responding to — and their behavior is they’re launching missiles and drones against ships.”

.@SecRubio: “You can’t have an MOU that’s alive if they’re violating the terms… The U.S. always remains open to a diplomatic solution. We’ve tried multiple times with Iran and we’ll continue to try… but their behavior is what we’re responding to — and their behavior is… https://t.co/SIYaJOeAHK pic.twitter.com/qv4THvFqRg

— Rapid Response 47 (@RapidResponse47) July 20, 2026

“Proposals were put forward by the mediators, we were informed of them, and we received them,” Iran’s Foreign Ministry spokesman Esmail Baghaei said during a press conference. “However, let me not go into details right now. The gist of the matter is that the diplomatic mission has been actively working these days, and some ideas from a number of mediators have reached us—yes, this is confirmed.”

FM Spox: Peace is not a luxury item stored away in the vault of int’l relations, waiting to be handed over. Rather, it is something that must be fought for. Peace comes at an exceptionally high price particularly in our region, where war is being normalized and forced upon us. pic.twitter.com/Ulpt2hPfl4

— IRNA News Agency ☫ (@IrnaEnglish) July 20, 2026

Still, Trump threatened to continue striking Iran should more U.S. forces be killed.

“Every time Iran kills an American Soldier they will pay for that killing many times over!” the president proclaimed on Truth Social. “This directive has been passed on to Secretary of War, Pete Hegseth, Chairman of the Joint Chiefs of Staff, Daniel Caine, and every Leader in the Military.”

There are no new peace talks scheduled and it remains unclear if they will be. Meanwhile, the new Houthi blockade could deeply complicate an already highly-precarious situation in the Middle East.

UPDATE: 4:50 PM EDT –

CENTCOM announced the start of the 10th consecutive day of strikes on Iranian targets.

“Today at 4 p.m. ET, U.S. forces began a new round of strikes against Iran at the Commander in Chief’s direction,” the command stated on X. “The strikes are designed to further degrade Iranian military capabilities used to attack commercial shipping in the Strait of Hormuz.”

Today at 4 p.m. ET, U.S. forces began a new round of strikes against Iran at the Commander in Chief’s direction. The strikes are designed to further degrade Iranian military capabilities used to attack commercial shipping in the Strait of Hormuz.

— U.S. Central Command (@CENTCOM) July 20, 2026

UPDATE: 9:59 PM EDT-

CENTCOM said it concluded the strikes at 9 PM ET.

“U.S. forces struck Iranian military command centers, maritime capabilities, missile and drone launch sites, and air defense systems to degrade Iran’s ability to continue attacking commercial vessels flowing through the Strait of Hormuz,” the command stated on X. “Commercial vessel transits through the vital international maritime corridor continue. Since early May, CENTCOM forces have helped facilitate the transit of approximately 900 commercial vessels and 450 million barrels of crude oil.”

U.S. Central Command (CENTCOM) announced it concluded another round of strikes against Iran at 9:00 p.m. ET on July 20, targeting military command centers, maritime capabilities, missile and drone launch sites, and air defense systems for the tenth consecutive night intending to… https://t.co/e6VYmo3vt6 pic.twitter.com/A6b0lMqn4B

— OSINTdefender (@sentdefender) July 21, 2026

Contact the author: howard@twz.com

Yemen’s Iran-backed Houthi rebels have announced a maritime blockade on Saudi Arabia after the two sides traded fire last week for the first time in years. Observers have described the announcement as a “significant military move” that threatens global trade.

Iran accelerated oil exports through Asia after the United States temporarily eased restrictions in mid-June, allowing the country to move an estimated 70 million barrels of crude before sanctions were reinstated, The Wall Street Journal reported Sunday, citing analysts and shipping data.

Tehran, Iran – The United States has reinforced its naval blockade on Iran’s southern ports, amid the escalating military confrontation between them.

The US blockade on Iran was first imposed in mid-April and remained for over nine weeks. It was only lifted after the two sides signed a Memorandum of Understanding (MoU) in June to end four months of fighting and reopen the Strait of Hormuz.

Iran immediately began exporting tens of millions of barrels of crude oil, much of it stored on supertankers anchored close to its oil terminals. However, after the recent resurgence in military strikes over control of the Strait of Hormuz, Washington rescinded oil and banking waivers issued as part of the MoU and prevented vessels linked to Iran from returning to port to load more Iranian oil.

Since the MoU effectively fell apart due to recent strikes, US Central Command (CENTCOM) has redirected several ships operating in the Strait of Hormuz. It also launched a strike to disable the Curacao-flagged supertanker Belma, which had allegedly been transporting Iranian crude during the war.

Iran has also been accused of striking ships in the waterway, leading to the US bombing Iranian coastal areas.

Iranian authorities have acknowledged the previous blockade drastically reduced Iranian crude exports. Iran’s parliament speaker and chief negotiator, Mohammad Bagher Ghalibaf, said in a TV interview at the end of June that “we did not export even one barrel” during the blockade.

Energy analyst Hamidreza Shokouhi told Al Jazeera that the new US siege means that at least 1.5 million barrels per day of Iranian oil exports will be taken off the market. That has contributed to pushing oil prices up to around $90 per barrel and sustained conflict could cause further increases.

“That means more pressure on global strategic reserves, which have already been tapped during the war and are facing unprecedented pressure,” he said.

Washington’s insistence on vessels using the southern route of the Strait of Hormuz close to the coast of Oman for the duration of the MoU has contributed to the current military escalation, the analyst said.

Shokouhi noted that Iran responded to the siege by trying to ensure that no other regional country could export their oil via the strait, piling pressure on the US and its allies.

“When the US acts this way, Iran also moves in the direction of not prioritising the economy and using the leverage at its disposal,” Shokouhi said.

A broadening conflict

Seven nights of tit-for-tat strikes between the US and Iran have quickly escalated and intensified as the week progressed.

The attacks left a trail of destruction in both Iran and countries across the region, with Kuwait and Bahrain heavily targeted by Iranian missiles and drones in recent days.

The US military has also heavily targeted provinces across Iran, particularly areas in the south closer to the strait.

Civilian infrastructure – including bridges and tunnels, ports and dock facilities, power stations and water plants – have been systematically hit, along with military sites. Some have speculated that could be in preparation for a ground invasion of Iranian coastal regions.

The Aq Tekeh railway bridge in the northern Iranian province of Golestan was among the first targets to be struck by US forces last week after the fighting re-erupted.

Iranian authorities said damage to the bridge was quickly repaired, but the strike signalled US willingness to attack potential import-export routes to exacerbate the impact of the naval blockade.

Aq Tekeh is on the Gorgan-Incheh Borun line, which connects Iran to the east, including Turkmenistan, Russia and China. It is where food and other essentials are imported from Central Asia and Iranian goods are exported, such as iron ore and polyethylene.

Rising inflation

The previous US naval blockade had also significantly impacted goods and markets in Iran, making everyday life for over 90 million people more difficult.

Although there were no widespread shortages of staples, Iran’s inflation rate – already one of the world’s highest – surged. The price of some basic foodstuffs, such as eggs, chicken and cooking oil, has more than tripled compared to a year ago.

Price increases have also damaged other sectors of the Iranian economy and industries.

“Our sales are very inconsistent. The market is struggling to find prices, there’s too much instability and uncertainty about the future,” said Borzou, a merchant dealing in industrial motors and equipment at Tehran’s Grand Bazaar.

“It looks like most distributors here are still tapping into imported inventories from before, we don’t know what to expect in a few months since many of these goods came through China and the UAE and not all can be imported through inland routes,” he told Al Jazeera.

Rial hits all-time low

There has also been intense pressure on the Iranian rial from the renewed military escalation and reimposition of the naval blockade.

The rial changed hands for over 1.93 million against the US dollar in Tehran’s open market on Saturday, the first day of the Iranian week, registering a new all-time low.

The Tehran Stock Exchange continued its downward trend over the past week, with its main index losing another 120,000 points or 2.4 percent on Saturday to stand at 4.77 million.

Iran’s armed forces have warned they will retaliate against any US strikes on Iran’s civilian infrastructure by attacking similar targets in regional countries hosting US military bases.

“Let’s not forget that the US and Israel started attacks against infrastructure, when they hit South Pars gas fields, Tehran’s oil depots and the petrochemicals in Mahshahr,” said energy analyst Shokouhi.

Utilising help from the Houthi group in Yemen, Tehran could also cause significant disruptions to shipping in the strategically important Bab al-Mandab strait off Yemen’s coast – if US President Donald Trump realises his threat to hit more civilian infrastructure in Iran such as power plants and bridges.

“Trump’s actions over recent months, and particularly over recent days, have only made the situation more intractable and the outlook more uncertain. The current situation cannot continue for much longer, but it is broadening the scope of the conflict and that is concerning,” Shokouhi said.

U.S. Central Command (CENTCOM) on Wednesday unleashed a new wave of strikes on Iranian targets. The attacks, on Iran’s Greater Tunb Island, came as the newly restored blockade on Iranian ports entered its first full day and the command began ordering ships headed to Iran to turn around. Meanwhile, Iran claims it damaged several U.S. military facilities in new rounds of missile and drone attacks in the region.

“CENTCOM launched precision munitions against coastal defense systems and cruise missile storage and launch sites on Greater Tunb Island during the 90-minute wave,” the command stated on X. “The strikes further degraded Iran’s ability to attack commercial shipping in the Strait of Hormuz.” The island, located at the western mouth of the Strait, sits about 30 miles south of the Iranian coast and about 50 miles northwest of the United Arab Emirates (UAE), which also lays claim to it, along with the Abu Musa and Lesser Tunb islands that Iran seized in 1971.

Greater Tunb Island was a frequent target during Operation Epic Fury. A little more than two miles across at its widest point, it hosts a “vast network of underground bunkers,” created by the Islamic Revolutionary Guard Corps (IRGC), according to the Israeli Alma Research and Education Center think tank. “These underground facilities are believed to be storing anti-ship missiles and other weapons threatening freedom of navigation and commerce through the Strait of Hormuz.”

In a subsequent X post, CENTCOM stated that since “restarting the naval blockade against Iranian ports 17 hours ago, U.S. forces have redirected 2 commercial vessels attempting to run the blockade. The U.S. military remains vigilant and prepared to ensure full compliance.”

In its announcement on Tuesday that the blockade had been reimposed, CENTCOM stated that there are “currently more than 20 U.S. Navy warships and hundreds of military aircraft operating across the Middle East. American forces remain vigilant, lethal, and ready.”

Control over the Strait has been at the center of most of the flare-ups of violence that have taken place after a shaky ceasefire was agreed to by the U.S. and Iran on April 8. They’ve often involved Iranian attacks on commercial shipping in the Strait followed by U.S. kinetic responses. However, these kinetic encounters have been intensifying over the past five days, leading President Donald Trump to order the resumption of the naval blockade on Iranian ports. It went into effect at 11:30 PM local time on Tuesday.

As we have frequently noted, the blockade was lifted on June 17 when the U.S. and Iran signed a 14-point Memorandum of Understanding (MoU). The MoU provided a 60-day extension of the ceasefire to iron out an agreement to end fighting throughout the region, including Lebanon, prevent Iran from seeking nuclear weapons, end U.S. sanctions and resume the flow of traffic through the Strait of Hormuz, among other points.

Iran, as we noted earlier in this story, said it carried out a number of retaliatory strikes on Kuwait, Bahrain and Jordan as it has over the past five days. All three nations host an array of U.S. military facilities.

The Iranian Army’s public relations office said it “launched a seventh wave of drone strikes on U.S. bases in the region on Wednesday, targeting F-18 facilities and support infrastructure at al-Azraq in Jordan,” Iran’s official Mehr news outlet stated on Wednesday. The strikes “were part of ‘Operation Thunderbolt’ and followed six earlier waves of drone attacks on U.S. positions since the American violation of the ceasefire and the start of ‘brutal attacks’ on Iranian territory.”

TWZ cannot independently confirm Iran’s claims and CENTCOM declined comment.

“Jordan’s military intercepted three Iranian missiles,” The New York Times reported, citing a statement carried by the official Petra news agency. “The Kuwait Army said earlier that its air defenses were intercepting hostile targets, while Bahrain’s interior ministry said warning sirens had been activated. None of the countries have reported damage or casualties from strikes on Wednesday.”

However, images and videos have emerged online purporting to show damage at several installations in the wake of Iranian attacks over the past several days.

The following post on X uses satellite imagery from Iranian state media to claim damage to an anti-drone radar system at Prince Hassan Air Base in Jordan; however, its low resolution makes it hard to confirm that claim.

Following hints last week and an announcement on Monday by President Donald Trump, the U.S. blockade of Iran is back on in full force. U.S. Central Command (CENTCOM), in its latest update, stated that two commercial vessels were redirected and one was kinetically disabled in the first 24 hours. More than 20 U.S. warships, depicted in the graphic above, are operating in the Arabian Sea and Indian Ocean, along with hundreds of aircraft dispersed across various bases, vessels, and forward arming and refueling points in the Middle East. “The U.S. military remains vigilant and prepared to ensure full compliance,” CENTCOM said.

The mechanics of the reinstated blockade appear to mirror the first, which CENTCOM outlined in an article published on X. “CENTCOM forces will enforce the blockade against vessels transiting to or from Iranian ports and coastal areas. The U.S. military continues to support traffic flow through regional waters for all vessels not violating the blockade.” Additional information was provided to commercial mariners in a formal notice issued by U.S. Naval Forces Central Command (NAVCENT). “The blockade encompasses the entirety of the Iranian coastline to include but not limited to Iranian ports and oil terminals.” The blockade applies to all traffic, regardless of flag, according to the notice, but “will not impede neutral transit passage through the Strait of Hormuz to or from non-Iranian destinations.”

The U.S. maintains a considerable naval presence, centered around two carrier strike groups (CSG) that have been operating in the northern Arabian Sea for months. Both carriers, USS Abraham Lincoln and USS George H.W. Bush, are each escorted by up to three guided-missile destroyers, with one serving as the Integrated Air and Missile Defense (IAMD) Commander. An additional seven destroyers from surrounding combatant commands are also independently deployed, as well as one guided-missile cruiser, USS Princeton, a littoral combat ship, USS Tulsa, and an expeditionary sea base (ESB), USS Miguel Keith. The independent destroyers serve multiple missions and are often attached and operate with other major naval assets, including the Amphibious Ready Groups (ARG) and ESBs.

Two ARGs with Marine Expeditionary Units (MEU) embarked are also underway in the Arabian Sea and Indian Ocean. Amphibious assault ship USS Boxer, dock landing ship USS Comstock, and amphibious transport dock USS Portland sailed into U.S. 5th Fleet in early July. The Tripoli ARG, which had been operating in the CENTCOM area of responsibility (AOR) since March, moved deeper into the Indian Ocean and entered the U.S. Pacific Command (PACOM) AOR. The group is composed of USS Tripoli, USS New Orleans, and USS Rushmore.

The U.S. employed several different methods to kinetically disable Iranian-linked commercial vessels that failed to comply during the first blockade. In April, USS Spruance fired shots from her 5-inch Mk 45 gun into the engine room of the Iranian cargo ship M/V Touska. The following month, an F/A-18 Super Hornet launched from USS Abraham Lincoln disabled M/T Hasna by opening fire on its rudder with a 20mm cannon. U.S. aircraft fired two Hellfire missiles into the engine room of M/T Jalveer in June as she attempted to transport oil from Iran through the Gulf of Oman.

“Enforcement actions include disabling and destructive fires upon vessels who do not demonstrate immediate compliance with blockading/boarding forces,” NAVCENT warned in the notice to mariners. On July 15, U.S. aircraft fired Hellfire missiles into the smokestack of M/T Belma, an unladen Curacao-flagged oil tanker in international waters attempting to sail toward Kharg Island, according to CENTCOM.

Additional Navy ships are operating in adjoining regions, and not pictured in the graphic, according to ship spotters, public AIS, and satellite imagery. At least one destroyer, USS Gonzalez, is operating in the Red Sea under U.S. 5th Fleet. Further north, in the Mediterranean Sea, four destroyers are deployed. Three of the four, USS Roosevelt, USS Arleigh Burke, and USS Paul Ignatius, are forward deployed out of Rota, Spain, and USS Thomas Hudner is homeported in Mayport, Florida.

The U.S. submarine force is not shown in the graphic but elements of it are present in the CENTCOM theater. At least two fast-attack submarines are operating with the CSGs, and potentially more are on independent deployments and protecting assets like the ARG. A guided-missile submarine, which can be loaded with 154 Tomahawk cruise missiles and Navy SEALs, is also often prowling the region, too.

Blockade 1.0 was lifted when the Islamabad Memorandum of Understanding (MOU) was signed by both parties on June 17, but the blockading forces never left the region, and U.S. naval force posture has been unchanged since. At this point, however, the MOU is worth little more than the paper it was written on, as both sides have effectively declared it dead.

Note: Positions are general approximations.

Contact the author: ian.ellis-jones@teamrecurrent.io

June 18 (UPI) — The U.S. military on Thursday lifted naval blockades in the Persian Gulf and Gulf of Oman, with reports showing that shipping vessels have departed the region through the Strait of Hormuz.

U.S. Central Command said in a series of posts on X that, following direction from President Donald Trump, blockades on maritime traffic along the coasts of Iran have ended.

Centcom noted, however, that the U.S. Navy will stay in the “general area” to be sure that “all aspects” of the peace agreement signed by the United States and Iran “are adhered to, obeyed and in full force and effect.”

Trump signed the agreement Wednesday at the Palace of Versailles in France after the G7 Summit wrapped up, which included among its 14 points reopening the Strait of Hormuz, which is a vital shipping route for the region and much of the world.

Iranian President Masoud Pezeshkian had signed the deal earlier in the day.

“American forces are not impeding the transit of vessels to or from Iranian ports,” Centcom said in one of the posts on X on Thursday.

“All U.S. military blockade efforts have ceased,” it said.

At least 12 energy tankers transited the Strait on Thursday, reopening a sailing route through which roughly 20% of the world’s oil supply is shipped around the globe, CNBC and the New York Post reported.

Among the vessels that transited the Strait were three Saudi Arabian supertankers, which together are carrying six million barrels of crude oil and are the kingdom’s first tankers to sail the shipping route since before the three-month-long U.S.-Iran war launched in February.

Vice President JD Vance also told reporters that more than 12 million barrels of oil had shipped through the Strait overnight Wednesday after the deal had been signed.

Though the U.S. and Iran have reached a preliminary agreement to end the war, the U.S. naval blockade of Iranian ports remains in place, a source familiar with operations told TWZ on Monday morning. The statement offers additional clarity to comments President Donald Trump and Iranian officials have made about the deal and its impact on shipping.

Meanwhile, shipping companies, the U.N. and a maritime security company tell us they are taking a wait-and-see attitude before changing current operations or offering advice to do so. As Trump noted over the weekend, the Strait needs to be fully de-mined while Iranian officials say they will still impose fees for transit.

“The blockade is ongoing and is expected to remain in place until the signing [of the memorandum of understanding] on Friday,” the source, speaking on condition of anonymity to discuss operational details, told us. 

The official declined to tell us whether that means the U.S. will fire on vessels trying to run the blockade or turn ships back, as they have in the past.

As of June 12, U.S. Central Command (CENTCOM) said it disabled nine vessels trying to run the blockade and redirected 139 others. You can read more about how those ships were disabled here.

Iran’s reopening of the Strait of Hormuz, combined with the U.S. ending the blockade that went into effect on April 13, is a major component of the U.S.-Iran agreement. Iran closed the Strait to most shipping after it was attacked by the U.S. and Israel on Feb. 28. As we have frequently reported, that had a cascading effect on the global economy, sending oil prices higher.

During a press conference and in a message on Truth Social, Trump on Monday said the Strait of Hormuz was already “partially opened.”

“Ships are starting to move, many loaded up with Oil, out of the Strait of Hormuz,” the president said on his social media site. “They are going along the Southern ‘Highway,’ which is totally safe, secure, and pristine. There are other areas of travel, also!!!”

“Ships are starting to go out now,” Trump added later at a press conference in France. “By Friday it will completely opened.”

As we previously reported, ships had been transiting the Strait via a southern route close to the United Arab Emirates and Oman under the overwatch of the U.S. military. Last week, Trump revealed that the U.S. had enacted a secret plan to get hundreds of ships out of the Strait; however, that still pales in comparison to the number of ships transiting before the war broke out.

As for the blockade, Iranian officials on Monday said it was their understanding it would be lifted right away.

“Under the agreements reached, the war and military operations on all fronts, including Lebanon, will come to an immediate and permanent end beginning tonight,” the Secretariat of Iran’s Supreme National Security Council stated early Monday morning EDT, according to Iran’s official IRNA media outlet. “Furthermore, the naval blockade against Iran will be lifted immediately and completely.”

June 8 (Asia Today) — A protest blockade outside a vote-counting site in Seoul’s Jamsil area entered its fourth day Monday, as demonstrators demanding a revote over a ballot shortage during the June 3 local elections increasingly raised claims of election fraud.

Until the weekend, protesters had mostly focused on voting rights and calls for a revote. By Monday, however, the atmosphere outside the Olympic Park Handball Gymnasium in Songpa District had shifted, with chants of “election fraud” mixed with demands for a new election.

At about 9 a.m., protesters could be heard chanting “fraudulent election, revote.” South Korean flags were visible throughout the crowd, along with many U.S. flags. Some protesters carried signs reading “Stop the Steal,” a slogan associated with challenges to the 2020 U.S. presidential election results.

One participant who said he had been at the site for four days said the mood began changing Sunday night as the size of the crowd grew and different groups joined the protest.

Police informally estimated that about 1,600 people were gathered near the gymnasium at 11 a.m., down sharply from about 8,000 around midnight. The age makeup also appeared to change. People in their 20s accounted for about 30% of the weekend crowd, while those in their 60s or older made up the largest share Monday morning, at 26.2%.

Tensions also rose among protesters. Some who insisted the crowd should only demand a revote were accused by others of being infiltrators from the Korean University Progressive Union, a left-leaning student group.

A brief scuffle broke out around 10:20 a.m. after six members of South Korea’s under-20 women’s national handball team entered the gymnasium to retrieve equipment stored inside before the World Championship in Shanxi, China, on June 24.

Police asked protesters to allow the athletes to enter. The athletes came out about four minutes later with their equipment, but some protesters tried to inspect the bags, saying ballot papers might be hidden inside. One person even demanded that the athletes remove their socks for inspection.

When another protester tried to stop the inspection, others accused him of being linked to the student group and a brief physical confrontation followed.

Revote seen as unlikely

Legal experts say a revote remains unlikely. Under the Public Official Election Act, a revote would require confirmation of a serious legal violation that could have affected the election result and a court ruling invalidating the election.

Legal observers widely say the ballot shortage may be considered a serious failure in election management, but it would be difficult to treat it immediately as grounds to invalidate the entire election.

The government is also focusing more on determining the facts and punishing those responsible than on discussing a revote.

President Lee Jae Myung expressed regret Sunday over the ballot shortage, saying the people’s right to vote is a constitutional right that must not be restricted or violated for any reason. He ordered a thorough investigation and punishment of those responsible and asked the National Assembly to pursue a parliamentary investigation. He did not comment separately on whether a revote should be held.

A joint investigation team involving prosecutors and police was formed Sunday. The investigation is expected to focus on whether election officials neglected their duties and who should be held responsible for the management failure.

The Seoul Metropolitan Police Agency’s serious crimes unit said Monday it had secured a group chat room used by election workers and was checking the facts with officials and citizens who were unable to vote because of the ballot shortage.

Political discussions on institutional reform are also continuing. Rep. Han Dong-hoon, an independent lawmaker, said Monday he plans to propose revisions to strengthen outside oversight of the National Election Commission and improve management of election commission employees.

Some lawmakers from both ruling and opposition parties have also raised the need for a parliamentary investigation and possible independent counsel probe.

The People Power Party said Monday it will file an election petition, a preliminary step before a lawsuit seeking to invalidate the Seoul mayoral election. The party plans to recruit 63 Seoul residents as joint petitioners by Wednesday and file the petition Thursday.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260608010002643

President Donald Trump on Friday announced he was lifting the U.S. blockade on Iranian ports enacted last month. The move comes amid media reports and administration messaging that Washington and Tehran appear to be drawing closer to a deal that could lead to ending the conflict. Iranian officials have rejected that notion. TWZ cannot confirm either side’s assertions.

“Ships caught in the Strait due to our amazing and unprecedented Naval Blockade, which will now be lifted, may start the process of ‘heading home!’” Trump proclaimed on Truth Social, referring to the Strait of Hormuz. The strategic chokepoint has been largely closed to most traffic by Iran since not long after the launch of Epic Fury on Feb. 28.

Trump’s comments may reflect a still unsigned Memorandum of Agreement with Iran that paves the way for reopening the Strait and is designed to create negotiating space to deal with the larger issues of Iran’s nuclear ambitions.

“Iran must agree that they will never have a Nuclear Weapon or Bomb,” the U.S. leader added. “The Hormuz Strait must be immediately open, no tolls, for unrestricted shipping traffic, in both directions. All water mines (bombs), if any, will be terminated (we have removed, through detonation, numerous such mines with our great underwater mine sweepers. Iran will complete the immediate removal and/or detonation of any mines that are left, which will not be many!).”

Last month, the head of U.S. Central Command stated that he was deploying uncrewed underwater vehicles (UUVs) to the region for the counter-mine effort. UUVs are a critical part of modern minesweeping operations.

“The Strait of Hormuz is an international sea passage and an essential trade corridor that supports regional and global economic prosperity,” Admiral Brad Cooper said in an April 11 media release. “Additional U.S. forces, including underwater drones, will join the clearance effort in the coming days.”

The Navy has various types of uncrewed undersea vehicles, remotely operated vehicles and an airborne mine neutralization system to perform mine sweeping operations. You can read more about these systems and how they work in our story about minesweepers here.

Knifefish Surface Mine Countermeasure (SMCM) Unmanned Undersea Vehicle (UUV)

Trump ordered the blockade on April 13 to create economic pressure on Iran by limiting its ability to export oil or import needed weapons or other materiel. 

“As of May 29, 115 commercial vessels have been redirected to ensure no commerce enters or leaves Iranian ports,” CENTCOM said in a post Friday morning about an hour before Trump made his announcement about the blockade.

U.S. forces continue to enforce the blockade against Iran. As of May 29, 115 commercial vessels have been redirected to ensure no commerce enters or leaves Iranian ports. pic.twitter.com/ioKe4A6p7T

— U.S. Central Command (@CENTCOM) May 29, 2026

Trump did not spell out the mechanics for ending the blockade and CENTCOM declined to say what Trump’s announcement means for the assets arrayed around the region to enforce it. The command referred us to the White House, which did not immediately respond to a request for comment.

It is also unclear why Trump would lift the blockade at such a critical time, before any agreement is signed. According to various media reports, such a move would have been in conjunction with Iran easing its restrictions on Strait shipping. However, Iranian officials have insisted that has yet to happen. In essence, the U.S. lifting the blockade on Iran would do nothing for mariners trapped in the Persian Gulf unless Iran also lifts its threats to attack ships transiting the waterway without its permission.

According to Axios, the memorandum between Iran and the U.S. calls for the following:

• The U.S. naval blockade will also be lifted, but that will happen in proportion to the restoration of commercial shipping, a U.S. official said. The U.S. would also issue some sanctions waivers to allow Iran to sell oil freely.
• The MOU will include an Iranian commitment not to pursue a nuclear weapon, the officials said. It will also state that the first issues to be negotiated during the 60-day window will be how to dispose of Iran’s highly enriched uranium and how to address Iranian enrichment.

The U.S. will commit to discuss sanctions relief and the release of frozen Iranian funds as part of the negotiations, the publication added.

• The MOU will also include a discussion of a mechanism to help Iran start receiving goods and humanitarian aid.
• The MOU would also state that the war between Israel and Hezbollah in Lebanon would end — an issue on which Trump and Israeli Prime Minister Benjamin Netanyahu have had at least one tense discussion.

In addition to stating that he lifted the blockade, Trump also claimed in his Truth Social post that the U.S. and Iran reached an understanding on Tehran’s supply of highly enriched uranium.

“The enriched material, sometimes referred to as ‘Nuclear Dust,’ which is buried deep underground with virtually collapsed mountains, caused by our powerful B2 Bomber attack 11 months ago, sitting on top of it, will be unearthed by the United States (which, it is agreed, is the only Country, along with China, with the mechanical capability of doing so!), in close coordination and conjunction with the Islamic Republic of Iran, plus the International Atomic Energy Agency, and DESTROYED. No money will be exchanged, until further notice,” Trump asserted. “Other items, of far less importance, have been agreed to.”

Iranian officials have rejected Trump’s claims.

“No final understanding has been reached between Iran and the US so far,” according to the Islamic Revolutionary Guard Corps (IRGC)-connectedTasnim News Agency.

“Trump’s post follows his usual pattern of one-sided, self-aggrandizing statements,” the outlet added. “His claims about lifting the naval blockade should be viewed with skepticism—and even if implemented, it would merely mark the cessation of one ceasefire violation, as the blockade should never have been imposed in the first place.”

“Trump’s nuclear claims are baseless, as no details on that issue have been discussed,” Tasnim posited. “His insistence on not releasing Iran’s blocked funds only deepens Tehran’s doubts about Washington’s seriousness.”

No final understanding has been reached between Iran and the US so far, according to Tasnim News Agency.

According to the report, Trump’s post follows his usual pattern of one-sided, self-aggrandizing statements. pic.twitter.com/bRDZfjGT7K

— Press TV 🔻 (@PressTV) May 29, 2026

In his post, Trump said that he “will be meeting now, in the Situation Room, to make a final determination,” on the agreement with Iran.

This is a developing story.

UPDATE: 2:36 PM EDT –

Trump “left a two-hour meeting on a possible deal with Iran without making a decision,” The New York Times reported, citing a senior administration official.

The administration “believes it is close to an agreement but there are still certain matters being debated including the unfreezing of funds for the Iranians,” the newspaper added.

NYT: “President Trump’s meeting in the Situation Room lasted about two hours, but the president did not reach a decision on any new deal with #Iran, according to a senior administration official who spoke on condition of anonymity to speak about internal deliberations.

“The…

— Jason Brodsky (@JasonMBrodsky) May 29, 2026

In the wake of Trump’s claims and media reports about negotiations with Iran, some positive economic news is emerging

“Stocks rose in afternoon trading on Wall Street Friday, adding to the all-time highs they set a day earlier,” CBS News reported. “The S&P 500 rose 0.2% Friday. The index is coming off six gains in a row and is headed for a ninth straight winning week, which would be the longest such streak since 2023.”

The Dow Jones Industrial Average “rose 382 points, or 0.8%, as of 12:01 p.m. Eastern,” the outlet added. “The Nasdaq composite rose 0.2%. Every major index is on track for records and to close out May with solid gains.”

Of course, all that could change should talks break down and major hostilities resume.

“U.S. stock markets are surging toward new records as of May 29, 2026, driven by breakthrough reports of a potential $300 billion peace and reconstruction framework between the U.S. and Iran”

Well?https://t.co/q9OoxkZYhz

— Don Keyhoty🇺🇸🇺🇦🇩🇰🇮🇪 (@dkearnsjr) May 29, 2026

UPDATE: 3:24 PM EDT –

The United Arab Emirates “carried out dozens of airstrikes against Iran beginning in the early days of the war and continuing through the day after the April cease-fire was announced,” The Wall Street Journal reported, citing people familiar with the matter. This represents a “deeper involvement than was previously known in the air campaign led by the U.S. and Israel,” the publication added.

The attacks were conducted in coordination with the U.S. and Israel, both of which provided intelligence, the people said. “They included targets on Qeshm and Abu Musa islands in the Strait of Hormuz; Bandar Abbas; the oil refinery on Lavan island in the Persian Gulf; and the Asaluyeh petrochemical complex” the Journal continued.

During the Iran War, the United Arab Emirates (UAE) carried out dozens of airstrikes against Iran in coordination with Israel and the United States, beginning in the early days of the war and continuing through the day after the ongoing ceasefire was announced, targeting both… pic.twitter.com/FvyIYVw2qk

— OSINTdefender (@sentdefender) May 29, 2026

UPDATE: 3:47 PM EDT –

Iranian Parliament Speaker Mohammad Bagher Ghalibaf says “Tehran secures its diplomatic advantages through missiles rather than talks,” according to the official Iranian Press TV news outlet.

Contact the author: howard@twz.com

US President Donald Trump said Sunday that negotiations with Iran are “orderly and constructive” and vowed the blockade will remain in place until a final agreement is reached, Anadolu reports.

“The Blockade will remain in full force and effect until an agreement is reached, certified, and signed. Both sides must take their time and get it right. There can be no mistakes!,” Trump said in a post on his social media platform Truth Social.

He also said US-Iran relations are becoming “much more professional and productive,” while warning that Tehran must not develop or acquire a nuclear weapon.

Trump further thanked Middle Eastern countries for their “support and cooperation,” saying engagement would be strengthened through broader participation in the Abraham Accords, and suggested Iran could one day join the framework.

He criticized the 2015 Iran nuclear deal, calling it “one of the worst agreements ever made,” and again blamed former President Barack Obama’s administration for what he described as a flawed agreement that opened a path toward nuclear weapons development.

Trump said the current negotiations with Iran are “far better” and part of a more effective approach, insisting the ongoing process will prevent Tehran from obtaining nuclear arms.

OPINION: Escape or Escalate: Trump’s Tactical Crossroads in the Iran Conflict

Eid al-Adha, one of the most important dates in the Islamic calendar, comes at a critical time for Iranians this year.

Meat from sacrificed animals is often eaten at Iranian tables, but a blockade on Iranian ports and sanctions by the US has led to escalating costs across the country.

Unlike Nowruz, the Persian New Year, Eid al-Adha is not as widely celebrated in Iran, but mosques and other institutions still observe the ritual of animal sacrifice, known as qurbani, through authorised livestock and slaughter centres.

Here, animals are sacrificed according to Islamic law in a hygienic environment. But another goal of the network is to control runaway inflation by offering meat at lower prices than market rates.

Meat substitutes

A Tehran municipality body announced on Tuesday that each kilogramme of sacrificial meat would be sold at 7.4 million rials ($4.30) at designated shops.

The price for a similar cut on the market can be more than three times that, depending on its quality and the location of the butchers. The minimum wage is currently less than $100 per month in Iran.

“I usually buy meat for a stew or a few dishes around every three weeks; for some families in the neighbourhood, it has become a sort of luxury,” said a middle-aged woman, who lives with her husband and son in Tehran.

She told Al Jazeera that chicken, eggs and legumes have become replacements for red meat, but the costs of these staples have significantly increased, too.

Masoud Rasouli, a meat-packing industry representative, told the state-linked Mehr news agency earlier this week that demand for red meat has decreased by 50 percent compared with last year.

He said some meat was imported to counter any effects of the US blockade, but local demand is currently so low that “existing livestock population is enough for all the needs of the market”.

Data released by the state-linked Iranian Labour News Agency this week showed that the current cheapest government-announced price for one kilogramme of meat during Eid is equal to the price of a 50kg live sheep 10 years ago.

According to the Statistical Center of Iran, year-on-year inflation stood at more than 73 percent in the first month of the Persian calendar year that ended in late April.

Iranian rice was up by 173 percent and chicken by 191 percent in that month compared with a year before, while liquid cooking oil more than quadrupled. Figures for the next month are expected to be worse.

Controlling inflation

Price-control measures – which have been implemented by authorities to fight a decade of rampant inflation – have been unable to adequately compensate for the ever-decreasing purchasing power of Iranian households living under local mismanagement and US sanctions – and now war and a blockade.

A young man working at a butcher shop in southwestern Tehran said they have had to increase prices several times over recent months after suppliers announced hikes.

“Our sales were a bit higher today because of the Eid, but we see even our most frequent customers far less these days. Most of the conversations with the customers are about the prices,” he told Al Jazeera.

Iran and the US have been holding negotiations through regional mediators to potentially end the war. But amid exchanges of fire and inflexibility over demands, no breakthrough has emerged even as both sides say a memorandum of understanding has mostly been negotiated.

Religious messaging

Beyond greetings and congratulatory phone calls with regional peers, Iranian authorities also used the Muslim festival this year to issue political messages.

On Wednesday morning in the capital, the authorities organised a large prayer to mark Eid at the University of Tehran, which was led by ultraconservative Ayatollah Ahmad Khatami.

He said that “submitting to humiliation” is an example of “evil” and the height of vice, at a time when he believes the other side, the US, seeks a surrender from Iran.

“Your enemies, the Iranian nation’s enemies, and this mad enemy sitting in the Black House – which is wrongly referred to as the White House – want your humiliation. But this madman will take that wish to his grave,” he said about US President Donald Trump.

Khatami, a member of the powerful Guardian Council and the clerical Assembly of Experts, also praised the supporters of the government who have taken to the streets every night for almost three months and said this “unprecedented” phenomenon would be repeated on the nights of Eid al-Adha.

President Masoud Pezeshkian had a relatively softer approach, but his comments were still laden with religious symbolism.

“In today’s turbulent world, where the fire of tyranny, occupation, and the arrogance of the hegemonic powers burns bright, Eid al-Adha conveys the message of dignity, liberty, and fearlessness in the face of the pharaohs of our time,” he said.

Foreign Minister Abbas Araghchi said in a message on Wednesday that he hoped for harmony in the Muslim world, amid this difficult time for the region.

“We pray that, by the auspiciousness and blessing of this great Eid, we will witness the deepening and strengthening of Islamic solidarity for cooperation and mutual assistance in confronting war, discrimination and occupation, especially in the West Asia region, and that our world will return to the path of reviving peace and justice,” he said.

For years, 64-year-old Najia Abu Lehia dreamed of performing Hajj with her husband. But before they could make the pilgrimage, her husband died during Israel’s war on Gaza. Now, as millions journey to Mecca, thousands like her are stranded in Gaza.